Aspen Technology Inc (AZPN)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 876,066 | 833,064 | 1,047,490 |
| Total current liabilities | US$ in thousands | 337,401 | 352,427 | 300,936 |
| Current ratio | 2.60 | 2.36 | 3.48 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $876,066K ÷ $337,401K
= 2.60
The current ratio of Aspen Technology Inc has shown varying trends over the past three years. As of June 30, 2024, the current ratio stands at 2.60, indicating that the company had $2.60 in current assets for every $1 of current liabilities. This represents an improvement compared to the previous year's ratio of 2.36 as of June 30, 2023.
However, the current ratio has decreased significantly from the ratio of 3.48 reported on June 30, 2022. This decline may suggest a potential liquidity risk or inefficiency in managing short-term obligations compared to the previous year.
Overall, while the current ratio for 2024 has improved year-over-year, it is essential for Aspen Technology Inc to continue monitoring and managing its current assets and liabilities effectively to ensure sustainable liquidity and financial health in the future.
Peer comparison
Jun 30, 2024